Comex Gold Pares Earlier Gains In Volatile Session
Gold futures had a volatile session Friday as the market reacted to comments from Federal Reserve Chair Janet Yellen, rallying on ideas she was not as hawkish as some market participants expected, but then giving back much of those gains since she neve…
Read moreGold May Have ‘Rally Legs’ – RBC’s Gero
“As more things change the more they stay the same,” summed up George Gero of RBC Wealth Management, post Fed Chair Janet Yellen’s anticipated talk.
Read moreGold Futures Reverse Higher As Traders Digest Yellen Comments
Gold futures fell, then quickly bounced in the aftermath of comments Friday from Federal Reserve Chair Janet Yellen suggested the argument in favor of another rate hike has strengthened but nevertheless was vague enough that she did not spook the mark…
Read moreAfter Brief Dip, Gold Moves Higher Post-Yellen Remarks
The latest Fed Speak is deemed more hawkish than usual, as Federal Reserve chair Janet Yellen says there is a stronger case for a rate hike with the U.S. economy nearing goals of maximum employment and price stability.
Read moreDon’t Count On Central Bankers: Diversify Your Metals Portfolio
Read moreGold Firmer On Short Covering, Position Evening Ahead Of Yellen
Gold prices are modestly higher in early U.S. trading Friday, on some short covering following recent selling pressure and on position evening ahead of the most important markets event of the week,
Read moreYellen’s Day Has Come
Writing a commentary ahead of Yellen’s speech may prove a wasted expenditure of energy but the market is hanging on her expected comments.
Read moreGold Firmer as World Markets Await Yellen Speech
World stock markets were mostly near steady overnight as the world marketplace is awaiting Federal Reserve Chair Janet Yellen’s speech at a Fed symposium at Jackson Hole
Read moreEuropean Markets Follow Asia Down; Futures Steady Ahead of Jackson Hole
European markets were mixed in Friday morning trading as Jackson Hole day is finally upon us. Investors are waiting to hear whether Federal Reserve head Janet Yellen will give clues into a possible interest rate rise this year later today.
Read moreKinross Gold: Maricunga Operations Suspended; Tasiast Back To Normal
Kinross Gold Corp. (TSX: K; NYSE: KGC) has suspended operations at its Maricunga gold mine in Chile, laying off 300 workers, earlier than planned after a judicial decision supported a ruling by environmental authorities to reduce water pumping.
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